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In order to justify the title, I think we need to look at the definition of a "carol." The Webster's dictionary site defines this as
- a song of joy
- a ballad of religious joy
Given this definition, I think that the title is appropriate to this book.
The book is a song of joy (and possibly of religious joy) because it follows Scrooge as he changes from being an unhappy and selfish person to being a happy and generous one. Scrooge ends up as a happier person and that in itself is joyful. It is religious because Scrooge's changes bring him more into line with what a Christian is supposed to act like, especially at Christmas.
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